{
  "id": "home-sale-proceeds",
  "version": "a37e5a0152fb",
  "status": "published",
  "name": "Home Sale Proceeds Calculator",
  "question": "What will I net from my home sale?",
  "summary": "Computes the cash a seller nets from a home sale after the agents’ commission, closing costs, credits to the buyer, other costs, and the mortgage payoff.",
  "category": "finance",
  "subcategory": "loans",
  "url": "https://www.acalculator.org/finance/home-sale-proceeds-calculator",
  "markdown": "https://www.acalculator.org/finance/home-sale-proceeds-calculator.md",
  "kind": "function",
  "method": "net proceeds = price − price × (commission + closing costs) ÷ 100 − credits − other costs − mortgage payoff.",
  "assumptions": [
    "Commission and closing cost rates are yours to set; the defaults are examples, not market rates.",
    "The mortgage payoff is what you owe at closing; any interest to the payoff day and payoff fees go in it.",
    "Taxes on the gain are not included; many owners owe none because of the home sale exclusion."
  ],
  "inputs": {
    "$schema": "https://json-schema.org/draft/2020-12/schema",
    "type": "object",
    "properties": {
      "price": {
        "title": "Sale price",
        "description": "The price the buyer pays for the home.",
        "type": "number",
        "x-unit": "USD",
        "minimum": 1000,
        "maximum": 1000000000
      },
      "owed": {
        "title": "Mortgage payoff",
        "description": "What you owe on the mortgage at closing, including any second mortgage or HELOC.",
        "type": "number",
        "x-unit": "USD",
        "minimum": 0,
        "maximum": 1000000000
      },
      "commission": {
        "title": "Agent commission",
        "description": "The total commission you pay the agents, as a percent of the sale price.",
        "type": "number",
        "x-unit": "percent",
        "minimum": 0,
        "maximum": 20
      },
      "closing": {
        "title": "Other closing costs",
        "description": "Title, escrow, transfer tax, and other fees you pay, as a percent of the sale price.",
        "type": "number",
        "x-unit": "percent",
        "minimum": 0,
        "maximum": 20
      },
      "credits": {
        "title": "Credits and repairs for the buyer",
        "description": "Seller credits toward the buyer’s costs and repairs you agree to pay for.",
        "type": "number",
        "x-unit": "USD",
        "minimum": 0,
        "maximum": 100000000
      },
      "other": {
        "title": "Other costs",
        "description": "Other costs of the sale, such as staging, a home warranty, or prorated taxes you owe.",
        "type": "number",
        "x-unit": "USD",
        "minimum": 0,
        "maximum": 100000000
      }
    }
  },
  "outputs": {
    "net": {
      "label": "Your net proceeds",
      "description": "The sale price minus the selling costs and the mortgage payoff.",
      "format": "money"
    },
    "commissionAmount": {
      "label": "Agent commission",
      "description": "The commission rate × the sale price.",
      "format": "money"
    },
    "closingAmount": {
      "label": "Other closing costs",
      "description": "The closing cost rate × the sale price.",
      "format": "money"
    },
    "costs": {
      "label": "Total selling costs",
      "description": "Commission, closing costs, credits and repairs, and other costs.",
      "format": "money"
    },
    "costShare": {
      "label": "Selling costs as a share of the price",
      "description": "Total selling costs as a percent of the sale price.",
      "format": "percent"
    },
    "payoff": {
      "label": "Mortgage payoff",
      "description": "The loans paid off at closing.",
      "format": "money"
    },
    "equity": {
      "label": "Equity before selling costs",
      "description": "The sale price minus the mortgage payoff.",
      "format": "money"
    }
  },
  "defaultAnswer": {
    "inputs": {
      "price": 450000,
      "owed": 250000,
      "commission": 5,
      "closing": 1.5,
      "credits": 0,
      "other": 0
    },
    "outputs": {
      "net": 170750,
      "commissionAmount": 22500,
      "closingAmount": 6750,
      "costs": 29250,
      "costShare": 6.5,
      "payoff": 250000,
      "equity": 200000
    },
    "text": "Selling for $450,000.00 with $250,000.00 owed, you net about $170,750.00 after $29,250.00 of selling costs."
  },
  "examples": [
    {
      "given": {
        "price": 450000,
        "owed": 250000,
        "commission": 5,
        "closing": 1.5,
        "credits": 0,
        "other": 0
      },
      "expect": {
        "commissionAmount": 22500,
        "closingAmount": 6750,
        "costs": 29250,
        "net": 170750,
        "costShare": 6.5
      },
      "source": "IRS Publication 523: the amount realized is the selling price minus selling expenses; hand calculation in content.mdx: 450,000 − 22,500 − 6,750 − 250,000 = 170,750"
    },
    {
      "given": {
        "price": 325000,
        "owed": 180000,
        "commission": 5.5,
        "closing": 2,
        "credits": 4000,
        "other": 1500
      },
      "expect": {
        "commissionAmount": 17875,
        "closingAmount": 6500,
        "costs": 29875,
        "net": 115125,
        "equity": 145000
      },
      "source": "hand calculation in content.mdx: 325,000 − 29,875 − 180,000 = 115,125"
    },
    {
      "given": {
        "price": 300000,
        "owed": 290000,
        "commission": 5,
        "closing": 1,
        "credits": 0,
        "other": 0
      },
      "expect": {
        "costs": 18000,
        "net": -8000
      },
      "source": "hand calculation in content.mdx: 300,000 − 18,000 − 290,000 = −8,000, so the seller brings $8,000"
    }
  ],
  "sources": [
    "IRS Publication 523, Selling Your Home ($250,000 or $500,000 gain exclusion after 2 of 5 years). https://www.irs.gov/publications/p523",
    "IRS Topic 701, Sale of your home. https://www.irs.gov/taxtopics/tc701",
    "Consumer Financial Protection Bureau, What is a short sale? https://www.consumerfinance.gov/ask-cfpb/what-is-a-short-sale-en-290/"
  ],
  "related": [
    "home-equity",
    "closing-cost",
    "mortgage-payoff",
    "rent-vs-buy"
  ],
  "changelog": []
}